About this property

THIS IS A CONFIDENTIAL LISTING OF A WELL KNOWN AND ESTABLISHED 70+ SEAT RESTAURANT FACILITY THAT HAS OVER 20+ YEARS EXISTENCE WITHIN THE LOCAL MARKET IT SERVES. THE BUSINESS IS IDEAL AS A FAMILY RUN OPERATION WITH CONSISTENT CASH FLOWS EVEN IN THE PRESENT COVID-19 ENVIRONMENT, AS THERE IS TAKE OUT AND DELIVERY SERVICE WHICH MAINTAINED THE BUSINESS WITH MINIMAL EFFECT DUE TO THE VIRUS AFFECTING MANY OTHER BUSINESSES. THIS BUSINESS HAS CONSISTENT TAX RETURNS REFLECTING PROFITABILITY WITH 8 YEARS REMAINING ON THE PRESENT LEASE THAT MAINTAINS A "COMPETING MENU RESTRICTION" BETWEEN THE PRESENT OWNER AND THE LANDLORD'S RETAIL CENTER. THE LEASE HAS NO INHERENT CAM FEES ALONG WITH NO ROOF RESPONSIBILITIES FOR THE TENANT AND A $300 MAXIMUM CHARGE FOR ANY HVAC REPAIRS THAT WOULD ARISE FROM NORMAL STORE OPERATIONS.

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